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hotdog I agree, the LT POG Gold Prices

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NYBob Member Level  Saturday, 09/22/12 03:00:08 PM
Re: hotdog1012 post# 485
Post # of 507 
hotdog I agree, the LT POG Gold Prices Could Peak at $5,000: Bank of America
Posted on September 21, 2012 by News
21-Sep (CNBC) —

As gold prices hit a 2012 record of $1,787.40 per ounce on Friday,
Bank of America Merrill Lynch analysts said the precious metal
could soar to $3,000 or even $5,000 over the longer-term.

“We will be focusing in on gold.
Ultimately we think gold can trade between $3,000 and
$5,000 an ounce going forward
,” MacNeil Curry,
head of foreign-exchange and rates technical strategy at BAML,
told CNBC’s “Worldwide Exchange.”

“Certainly not within the next few months, but on a long-term
basis we are on a well-defined uptrend, and we have got more to
run before that runs its course.”

…“We believe the growth in supply of fiat currencies [those
without intrinsic value] such as the U.S. dollar and dollar-
linked currencies such as the renminbi is a key driver, followed
by concerns regarding inflation and inflation volatility which
could follow,” Brebner and Fu said in the report.


SGRCF AuBull has a long way back UP to catch UP
with a very oversold and undervalued 666 short
selling banksters manipulations -

Looks like a little patch of resistance at 1.11 taken
out - then it's straight up to 1.50! smile
a old target its $5 to focus ON GO SGR smile



God Bless

My opinions are my own and and DD I post should be confirmed as unbiased
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